Malaysia's economy ends 2024 on high note amid strong investment, domestic spending  

Quick Summary:

KUALA LUMPUR : Malaysia's economy grew faster than expected in the fourth quarter of 2024 amid strong domestic demand and a recovery in exports, the central bank said on Friday, as it expects investment activities and household spending to drive growth this year.

The ringgit is expected to remain influenced by external factors, the central bank said, but Malaysia's positive economic prospects and policies will provide support in the medium-term.

The fourth-quarter reading was above both an official advance estimate and analysts' forecast in a Reuters poll of a 4.8 per cent expansion, but softer than the 5.4 per cent expansion in the previous quarter.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Growth Government Central Year Quarter Inflation Malaysia 2023 Bank Cent Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 14:30:55 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26138601

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 4 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions